SMSFs warned on sole purpose breaches with education costs
Miranda Brownlee
An SMSF service provider has outlined some of the potential sole purpose traps with charging education expenses to an SMSF, with many truste
An SMSF service provider has outlined some of the potential sole purpose traps with charging education expenses to an SMSF, with many truste
With the existing legislation around the payment of lump-sum death benefits leading to inadvertent breaches by SMSFs, a technical expert say
The former director of an unlicensed SMSF firm has been charged with dishonest conduct following allegations by ASIC he dishonestly obtained
It’s important that SMSF professionals consider how capital losses can be used to offset these gains and the order in which these losses a
The AFA has asked the government to confirm that advisers will be exempt from new licensing restrictions on life insurance claims handling,
With the industry grappling with the updated auditor independence standards and the lodgement rate for the 2019 return still around 84 per c
The licensing and advice framework around high-net-worth clients and wholesale investor definition could be further improved, according to a
Clients with discretionary trusts that hold residential land in NSW will need to amend their trust deed to exclude foreign persons as benefi
With breaches of the in-house asset rules and loans to relatives or members consistently among the top audit contraventions, an SMSF service
The Administrative Appeals Tribunal has affirmed a decision by ASIC to refuse an AFSL after the applicant failed to make certain disclosures
The ATO has released a draft legislative instrument for consultation on the payment standard that will apply for SMSF rollovers and release
The Deputy Commissioner of Taxation has obtained a freezing order from the Supreme Court of NSW against the corporate trustee of an SMSF aft
While trust cloning can be an effective strategy for transferring an asset from a related trust to an SMSF without paying duty, it is vital
SMSF services provider SuperConcepts has announced it will be releasing an updated user interface for its software platform SuperMate next y
The Reserve Bank of Australia has announced its decision on the official interest rate for December, following predictions of a hold.
A study has suggested that easier access to advice for older single women without children may be key, with the cohort still facing poor ret
Following a recommendation from the review of the Tax Practitioners Board to level the playing field for accountants in terms of SMSF advice
A legislative instrument which is designed to protect SMSF trustees from adverse in-house asset issues where they provide rental deferrals h
The ATO has reminded SMSFs that in order to complete rollovers from 1 October next year, they will need to use SuperStream, and that there
In light of the research report into SMSF operating costs which disputed previously reported figures, one service provider says SMSFs may be
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